Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Rating of “Buy” from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received an average rating of “Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $185.85.

TTWO has been the topic of a number of research analyst reports. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Bank of America reiterated a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target on the stock. Jefferies Financial Group upped their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st.

Take-Two Interactive Software Trading Down 0.7 %

Shares of Take-Two Interactive Software stock opened at $154.91 on Friday. Take-Two Interactive Software has a 1-year low of $130.34 and a 1-year high of $171.59. The company’s fifty day simple moving average is $153.35 and its 200-day simple moving average is $151.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $27.15 billion, a PE ratio of -6.95, a P/E/G ratio of 4.52 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities analysts anticipate that Take-Two Interactive Software will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ninety One UK Ltd raised its holdings in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after acquiring an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after acquiring an additional 666,198 shares in the last quarter. Finally, Samlyn Capital LLC grew its holdings in Take-Two Interactive Software by 47.9% in the second quarter. Samlyn Capital LLC now owns 1,205,897 shares of the company’s stock worth $187,505,000 after purchasing an additional 390,810 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.